Fighting Tax Increases, Co-ops And Condo Owners To Convene Thursday

Feeling over-taxed, a group of apartment owners will convene Thursday night in North Shore Towers.

The Co-op and Condo Board of Presidents say that though some co-ops saw , many saw increases in property valuations of 20-50 percent over last year.

One complex, Hollis Court in Bayside saw increases of 50 percent. Other co-ops were hit as well, including Alley Pond Co-op, which the group says is fighting 47 percent increases. Deepdale Gardens, which was marked for a 50 percent increase, and Glen Oaks Village, which was assessed at 20 percent over last year.

All these increases are on top of last year’s home value assessment increase of 50 percent.

“Just imagine when home prices really start to rise,” the group said in a statement, adding, “these valuation numbers released by the Department of Finance are .”

The group itself supports new legislation by State Sen. Tony Avella, D-Bayside, which would place co-op and condo .

As many as 500 people are expected by organizers to attend the Town Hall Meeting on April 12, at 7p.m. on the Green. North Shore Towers is located at 272-40 Grand Central Parkway.